OOO LSR-Invest specifically established to raise finance for LSR Group has fully paid interest on coupon 1 of Series 01 bonds in the amount of 106.7 mln. rubles. The bond interest rate was set at 10.7% per annum. The interest payable on each bond was 53.35 rubles.
For reference:LSR Group. LSR Group is a diversified holding company, a leader of the Russian construction industry. Its core business areas are building materials manufacturing, construction and real estate development. The Group includes enterprises for aggregate extraction and processing, building materials manufacturing and transportation, and housing construction — from mass market large-panel housing to elite residential property built after designs made by leading domestic and foreign architects. LSR Group comprises over 20 business units having a total of approx. 14,000 employees. LSR Group enterprises: No.1 in Russia by ceramic brick production; No.1 in Russia and Northern Europe by aerated concrete production; No.1 in Russia by construction aggregates production; No.1 in Russia by ready-mixed concrete production; No.1 in St. Petersburg by elite real estate development; No.1 in St. Petersburg by RCC structures production; No.1 in St. Petersburg by large-panel housing construction.